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Euro zone bond yields fell, with the spread between French and German 10-year yields narrowing from last Friday's 15-year high. Markets price an 85% chance of another ECB rate hike by year-end.
European stocks rose, extending a global equity rally as investors turned more optimistic ahead of earnings season. The euro rose, while long-dated Treasury yields retreated from multi-decade highs.
European shares nudged higher, reaching one-week highs on Tuesday, driven by a 7.7% surge in Genmab after positive drug trial results. Euro zone bond yields retreated slightly after recent rallies.
The MSCI's gauge of stocks across the globe rose 0.7%. The Nasdaq Composite reached a record closing high, lifted by Nvidia and Microsoft. The euro stumbled to a 17-month low against the dollar, and the 10-year US Treasury yield rose to a fresh 24-year high.
Selloff more pronounced in bonds of more indebted countries France in focus ahead of an election year French-German spread widens LONDON, Sept 24 (Reuters) — A selloff in euro zone bonds slowed on Thursday but yields were still close to or trading at multi-year highs as upbeat activity data and elevated oil prices stre